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Stockholders' Equity
9 Months Ended
Sep. 30, 2023
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Stockholders’ Equity
The following outlines the changes in each caption of stockholders’ equity for the current and comparative periods and the dividends per share for each class of shares.
For the three months ended September 30, 2023:
(in thousands)Common StockClass A
Common Stock
Additional
Paid-In Capital
Retained
Earnings
Accumulated Other
Comprehensive Loss
Treasury
Stock
Total
Balances at June 30, 2023$30,218 $1,806 $109,731 $413,143 $(756)$(248,559)$305,583 
Net income17,154 17,154 
Dividends declared:
Common Stock, $0.30 per share
(4,527)(4,527)
Class A Common Stock, $0.28 per share
(360)(360)
Class A conversion(2)— 
Acquisition of treasury stock(3,194)(3,194)
Amortization of restricted stock1,760 1,760 
Balances at September 30, 2023$30,220 $1,804 $111,491 $425,410 $(756)$(251,753)$316,416 
For the nine months ended September 30, 2023:
(in thousands)Common StockClass A
Common Stock
Additional
Paid-In Capital
Retained
Earnings
Accumulated Other
Comprehensive Loss
Treasury
Stock
Total
Balances at December 31, 2022$30,006 $1,806 $108,706 $398,393 $(756)$(248,756)$289,399 
Net income41,317 41,317 
Dividends declared:
Common Stock, $0.88 per share
(13,249)(13,249)
Class A Common Stock, $0.82 per share
(1,051)(1,051)
Class A conversion(2)— 
Acquisition of treasury stock(3,194)(3,194)
Restricted stock issuances212 (4,294)(4,082)
Amortization of restricted stock6,199 6,199 
Directors' Compensation Plan880 197 1,077 
Balances at September 30, 2023$30,220 $1,804 $111,491 $425,410 $(756)$(251,753)$316,416 
For the three months ended September 30, 2022:
(in thousands)Common StockClass A
Common Stock
Additional
Paid-In Capital
Retained
Earnings
Accumulated Other
Comprehensive Loss
Treasury
Stock
Total
Balances at June 30, 2022
$30,006 $1,806 $105,674 $375,234 $(2,212)$(243,782)$266,726 
Net income24,551 24,551 
Dividends declared:
Common Stock, $0.28 per share
(4,214)(4,214)
Class A Common Stock, $0.26 per share
(334)(334)
Acquisition of treasury stock(4,997)(4,997)
Amortization of restricted stock1,836 1,836 
Other comprehensive income41 41 
Balances at September 30, 2022
$30,006 $1,806 $107,510 $395,237 $(2,171)$(248,779)$283,609 
For the nine months ended September 30, 2022:
(in thousands)Common StockClass A
Common Stock
Additional
Paid-In Capital
Retained
Earnings
Accumulated Other
Comprehensive Loss
Treasury
Stock
Total
Balances at December 31, 2021
$29,907 $1,809 $102,572 $342,983 $(2,293)$(219,008)$255,970 
Net income65,620 65,620 
Dividends declared:
Common Stock, $0.81 per share
(12,403)(12,403)
Class A Common Stock, $0.75 per share
(963)(963)
Class A conversion(3)— 
Acquisition of treasury stock(29,998)(29,998)
Restricted stock issuances96 (1,778)(1,682)
Amortization of restricted stock6,032 6,032 
Directors' Compensation Plan684 227 911 
Other comprehensive income122 122 
Balances at September 30, 2022
$30,006 $1,806 $107,510 $395,237 $(2,171)$(248,779)$283,609